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    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
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    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
    Show AI Summary
    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.

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      Biden says he was steady hand world needed after Trump

      January 13, 2025

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      Washington, Jan 13 (AP) President Joe Biden strode into the White House four years ago with a foreign policy agenda that put repairing alliances strained by four years of Republican Donald Trump's “America First” worldview front and centre.

      The one-term Democrat took office in the throes of the worst global pandemic in a century and his plans were quickly stress-tested by a series of complicated international crises: the chaotic US withdrawal from Afghanistan, Russia's 2022 invasion of Ukraine, and Hamas' brutal 2023 attack on Israel that triggered the ongoing war in the Middle East.

      As Biden prepares to leave office, he remains insistent that his one-term presidency has made strides in restoring American credibility on the world stage and has proven the US remains an indispensable partner around the globe. That message will be at the center of an address he will deliver Monday afternoon on his foreign policy legacy.

      Yet Biden's case for foreign policy achievements will be shadowed and shaped, at least in the near term, by the messy counterfactual that American voters are returning the country's stewardship to Trump and his protectionist worldview.

      “The real question is: Does the rest of the world today believe that the United States is the undisputed heavyweight champion of the world when it comes to our reservoir of national strength, our economy, our innovation base, our capacity to attract investment, our capacity to attract talent?” White House national security adviser Jake Sullivan said in an Associated Press interview. “When we took office, a lot of people probably would have said China. ... Nobody's saying that anymore.” After a turbulent four years around the globe, the Democratic administration argues that Biden provided the world a steady hand and left the United States and its allies on a stronger footing.

      But Biden, from the outset of his presidency, in which he frequently spoke of his desire to demonstrate that “America's back,” was tested by war, calamity and miscalculation.

      Chaotic US exit from Afghanistan was an early setback for Biden With the US completing its 2021 withdrawal from Afghanistan, Biden fulfilled a campaign promise to wind down America's longest war.

      But the 20-year conflict came to an end in disquieting fashion: The US-backed Afghan government collapsed, a grisly bombing killed 13 US troops and 170 others, and thousands of desperate Afghans descended on Kabul's airport in search of a way out before the final U.S. aircraft departed over the Hindu Kush.

      The Afghanistan debacle was a major setback just eight months into Biden's presidency that he struggled to recover from.

      Biden's Republican detractors, including Trump, cast it as a signal moment in a failed presidency.

      “I'll tell you what happened, he was so bad with Afghanistan, it was such a horrible embarrassment, most embarrassing moment in the history of our country,” Trump said in his lone 2024 presidential debate with Biden, just weeks before the Democrat announced he was ending his reelection campaign.

      Biden's legacy in Ukraine may hinge on Trump's approach going forward With Russia's invasion of Ukraine, Biden rallied allies in Europe and beyond to provide Ukraine with billions in military and economic assistance — including more than $100 billion from the US alone. That allowed Kyiv to stay in the fight with Russian President Vladimir Putin's vastly bigger and better-equipped military. Biden's team also coordinated with allies to hit Russia with a steady stream of sanctions aimed at isolating the Kremlin and making Moscow pay an economic price for prosecuting its war.

      But Biden has faced criticism that he's been too cautious throughout the war about providing the Ukrainians with certain advanced lethal weaponry in a timely matter and setting restrictions on how they're used —initially resisting Ukrainian President Volodymyr Zelenskyy's requests to fire long-range ATACMS missiles deep into Russian territory as well as requests for Abrams tanks, F-16 fighter jets and other systems.

      Biden often balked, before eventually relenting, out of a concern that it was necessary to hold the line against escalation that he worried could draw the US and other NATO members into direct conflict with nuclear-armed Russia.

      Trump, for his part, has criticized the cost of the war to US taxpayers and vowed to bring the conflict to a quick end.

      Biden said Friday he remains hopeful that the U.S. will continue to aid Ukraine after he leaves office.

      “I know that there are a significant number of Democrats and Republicans on the Hill who think we should continue to support Ukraine,” Biden said. “It is my hope and expectation they will speak up ... if Trump decides to cut off funding for Ukraine.” Daniel Fried, a former US ambassador to Poland and adviser to Presidents Barack Obama, George W. Bush and Bill Clinton, said Biden's Ukraine legacy now will largely be shaped by Trump.

      He added that Trump just may succeed in bringing what many Americans can accept as “a decent end” to the Ukraine war.

      “That's not necessarily going to happen, but it could,” Fried said. “And if he does, then the criticism of Biden will be that he acted to help Ukraine, but hesitated, dithered, did a lot of hand wringing, and it took Trump to actually bring about a fair settlement.” Sullivan makes the case that Trump, a billionaire real estate developer, should consider the backing of Ukraine through the prism of a dealmaker.

      “Donald Trump has built his identity around making deals, and the way you make a good deal is with leverage,” Sullivan said. “Our case publicly and privately to the incoming team is build the leverage, show the staying power, back Ukraine, and it is down that path that lies a good deal." Biden's Mideast diplomacy shadowed by devastation of Gaza In the Middle East, Biden has stood by Israel as it has worked to root out Hamas from Gaza. That war spawned another in Lebanon, where Israel has mauled Iran's most powerful ally, Hezbollah, even as Israel has launched successful airstrikes openly inside of Iran for the first time.

      The degradation of Hezbollah in turn played a role when Islamist-led rebels last month ousted longtime Syrian leader Bashar Assad, a brutal fixture of Iran's “Axis of Resistance." Biden's relationship with Israel's conservative leader Prime Minister Benjamin Netanyahu has been strained by the enormous Palestinian death toll in the fighting —now standing at more than 46,000 dead — and Israel's blockade of the territory that has left much of Gaza a hellscape where access to food and basic health care is severely limited.

      Pro-Palestinian activists have demanded an arms embargo against Israel, but U.S. policy has largely remained unchanged. The State Department in recent days informed Congress of a planned $8 billion weapons sale to Israel.

      Aaron David Miller, a former State Department Middle East negotiator, said the approach has put Iran on its heels, but Biden will pay a reputational cost for the devastation of Gaza.

      “The administration was either unable or unwilling to create any sort of restraint that normal humans would regard as significant pressure,” Miller said. “It was beyond Joe Biden's emotional and political bandwidth to impose the kinds of sustained or significant pressures that might have led to a change in Israeli tactics.” More than 15 months after the Hamas-led attack that prompted the war, around 98 hostages remain in Gaza. More than a third of those are presumed dead by Israeli authorities.

      Biden's Middle East adviser Brett McGurk is in the Middle East, looking to complete an elusive hostage and ceasefire deal as time runs out in the presidency. Trump, for his part, is warning that “all hell” will be unleashed on Hamas if the hostages aren't freed by Inauguration Day.

      Sullivan declined to comment on Trump's threats to Hamas, but offered that the two sides are in agreement about the most important thing: getting a deal done.

      “Having alignment of the outgoing and incoming administration that a hostage deal at the earliest possible opportunity is in the American national interest,” he said. “Having unity of message on that is a good thing, and we have closely coordinated with the incoming team to this effect.” (AP) NSA NSA

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